Advocacy
CHLA Releases Recommendations for FHA Policies
CHLA released its set of FHA policy proposals – which include ending the overcharging of borrowers by ending FHA’s Life of Loan premium policy, reducing disproportionate penalties for missing servicer deadlines, finalizing pending condo flexibility proposals, modernizing FHA’s IT and underwriting standards, and reducing annual premiums as its Net Worth increases.
CHLA Asks Congress to Approve Higher Pay Scale for FHA Staff and to Fund Needed FHA IT Upgrades
CHLA sends a letter to Congressional appropriations leaders asking for (1) higher pay scales for FHA staff, commensurate with other financial regulators and (2) re-authorization of lapsed authorization from the 2008 HERA legislation which allows FHA to use FHA profits to fund needed IT technology updates. Both changes are critical to keeping FHA modern and responsive to borrower and lenders needs.
CHLA Asks Congress to Approve Higher Pay Scales for Ginnie Mae Staff
In identical letters (House letter attached) to House and Senate authorizers and appropriators, the Community Home Lenders Association (CHLA) today asked Congress to adopt legislation that would create higher pay scales for the Government National Mortgage Association (GNMA), commensurate with other federal financial regulators, such as the FDIC and the FHFA. CLICK HERE for letter to House leadership.
CHLA Issues Comprehensive “Report on Ginnie Mae”
CHLA releases a comprehensive “Report on Ginnie Mae” – which explains why smaller IMB issuers pose no significant financial or systemic risk to Ginnie – and concludes that Ginnie Mae should not tighten supervision of smaller IMBs.
CHLA Testifies before House Financial Services Committee on Housing Finance Reform
Don Calcaterra, Jr. testifies on behalf of CHLA at a House hearing on housing finance reform – outlining critical small lender priorities and essential protections, opposing new GSE charters to allow vertical integration, and laying out CHLA’s administrative plan to reform and recapitalize the GSEs.
CHLA Calls on RHS to Eliminate "Anachronistic" Interest Rate Cap
CHLA Calls on RHS to Eliminate “Anachronistic” Interest Rate Cap Contact: Scott Olson For Immediate Release 571-527-2601
CHLA Comment Letter to Ginnie Mae on new servicing requirements
CHLA submitted a detailed letter to Ginnie Mae asking it to scrap the proposed increased financial requirements and risk-based capital rule – or rework them
National Mortgage News: Bill cosgrove oped of chla imb report
Bill Cosgrove highlights key findings from CHLA’s recently released IMB Report – explaining how IMBs have become a dominant mortgage force, lead in lending to
CHLA Asks new Acting FHA Director & Treasury to suspend PSPA Caps on GSEs
In a joint letter to Treasury Secretary Yellen and new Acting FHFA Director Sandra Thompson just hours after she was appointed, CHLA presses once again